Commerz Real has acquired a hotel that is to be newly built at Lubeck central railway station through its Luxembourg-based “Commerz Real Institutional European Hotel Fund” from the project developer GBI.
Following the hotel’s scheduled completion and opening in 2023 it will be operated under the Intercity Hotel brand of Steigenberger Hotels; the lease agreement has been concluded for at least 20 years. The purchase price was not disclosed. With the address Konrad-Adenauer-Strasse 1, the property is situated in the immediate vicinity of the central railway and bus stations of the Hanseatic city and is thus also within easy walking distance of the city’s historic centre, Germany’s most extensive UNESCO World Heritage Site.
The hotel will accommodate 176 rooms as well as a restaurant, bar and conference rooms. All the fixtures and fittings – from the furniture, through the accessories to the menu – are to be created by the Italian designer Matteo Thun.
“Hotels in tourist magnets such as Lubeck will post a rapid increase in the number of overnight stays once the pandemic has abated,” explained Dirk Schuldes, Global Head of Hospitality at Commerz Real. “Inasmuch, the opening in 2023 will be taking place at just the right point in time.”
